Marketplace Morning Report for Monday, May 28, 2012

On Memorial Day, we take a look at ways to support the other 1 percent -- the less-than-1 percent of Americans who serve in uniform and those who have died in the line of duty. While low-fare airlines are struggling to make money in the United States and Europe, airports across Southeast Asia have never been busier thanks in large part to budget carriers. With so many Americans off work and out of school, retailers are trying to turn Memorial Day into a shopping holiday. Lastly, we check in with a couple economists and ask them to predict the future.

As if Europe didn't have enough on its plate, it now faces a big drop in the price of one of its biggest exports, olive oil. Seventy percent of the world's olive oil supply comes from Spain, Greece and Italy.

On Memorial Day, we take a look at ways to support the other 1 percent -- the less-than-1 percent of Americans who serve in uniform and those who have died in the line of duty. While low-fare airlines are struggling to make money in the United States and Europe, airports across Southeast Asia have never been busier thanks in large part to budget carriers. The Spanish government is wrangling with how to rescue its troubled banks. Local protestors in Malaysia are stalling efforts to mine for rare earths, a key component in electronics.

Markets in Europe are mixed today: Greece is way up and Spain is down. Though both countries face major economic troubles, the level of uncertainty may be the key in determining their market variation.